Senior Fund Administrator at Bitwise Asset Management

San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, CryptocurrencyIndustries

Requirements

5-8 years of fund accounting, audit and/or administration experience
Bachelor’s degree in Accounting or Finance
CPA or MS in Accounting a plus
Proficient with Microsoft Office applications (e.g., Excel, Word, PowerPoint) with very strong Excel skills
Reliable self-starter with excellent communication and problem-solving skills
Comfortable dealing with various internal and external service providers
Organized, efficient, and results-oriented, with robust analytical and critical thinking skills
Able to work independently and as part of a team
High-energy, positive, caring, deliberate, self-aware, curious, open-minded style, inclined to take ownership

Responsibilities

Oversee daily NAV calculation and fund accounting activities for the Bitwise suite of products
Calculate and facilitate payment of monthly management fees and performance fees and help to prepare summary reports and budgets for Senior Management
Assist in the preparation of monthly Fund Performance Reports
Prepare quarterly, annual 15(c) and ad-hoc Board materials as needed
Review daily, monthly and ad hoc requests for fund information
Oversight and review of invoices from all major Fund vendors
Help to improve our current review process (in Excel) and implement new operational efficiencies
Take on special projects as needed, with a focus on automation and efficiency
Assist as needed with the production and review all Bitwise Fund financial statements, including registered ‘40 Act products, ‘33 Act products, Hedge Fund products, and Private Funds
To a lesser extent, prepare and review regulatory filings such as SEC Forms 10-Q, 10-K, 8-K, and ADV, as well as NFA filings

Skills

Key technologies and capabilities for this role

fund accountingfund administrationfund auditfinancial reportingaccounting oversightcrypto assets

Questions & Answers

Common questions about this position

What experience is required for the Senior Fund Administrator role?

The ideal candidate will have at least five to eight years of experience in fund accounting, fund administration or fund audit, along with strong proficiency in Excel.

What are the primary responsibilities of this position?

Responsibilities include overseeing daily NAV calculation and fund accounting, calculating management and performance fees, preparing fund performance reports and board materials, reviewing invoices, improving processes, and assisting with financial statements.

What is the company culture like at Bitwise?

Bitwise is a close-knit team of 100+ global professionals, blending asset management with a tech start-up vibe, where the team loves working together and is excited about crypto's future.

What skills make a strong candidate for this role?

Strong candidates are reliable self-starters with excellent communication and problem-solving skills, robust critical thinking, and comfort working with internal and external service providers, plus an appetite to learn about crypto.

Is this a remote position, and where is it located?

This information is not specified in the job description.

Bitwise Asset Management

Cryptocurrency index fund management services

About Bitwise Asset Management

Bitwise Asset Management focuses on making cryptocurrency investments easier for a wide range of clients, including individuals and institutions. They offer various investment products such as exchange-traded funds (ETFs), publicly traded trusts, separately managed accounts (SMAs), and private funds, which provide exposure to over 19 different cryptocurrencies, as well as equities and NFTs. Their products are designed to help investors navigate the complexities of the cryptocurrency market. What sets Bitwise apart from competitors is their dedicated team of over 60 experts in technology, asset management, and law, who provide guidance and support to investors. The company's goal is to simplify cryptocurrency investing and make it accessible to everyone.

San Francisco, CaliforniaHeadquarters

2017Year Founded

$82.2MTotal Funding

SERIES_BCompany Stage

Fintech, Crypto & Web3, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Unlimited Paid Time Off

Paid Parental Leave

Paid Holidays

Meal Benefits

Phone/Internet Stipend

Company Social Events

Risks

Increased competition from other firms could dilute Bitwise's market share.

Volatility in Solana's price may affect investor confidence and fund performance.

Regulatory changes in the EU could impact Bitwise's Solana staking ETP.

Differentiation

Bitwise offers a wide range of crypto investment products, including ETFs and ETPs.

The company has a team of over 60 experts in technology, asset management, and law.

Bitwise focuses on simplifying cryptocurrency investments for both individual and institutional clients.

Upsides

Increased interest in crypto by advisors could expand Bitwise's client base in 2025.

The launch of Solana staking ETPs in Europe may attract high-yield-seeking investors.

Potential US Bitcoin reserve establishment could boost Bitwise's Bitcoin-related products.

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